18 Mar '11, 1pm

[CNA] Keppel Land wins Sengkang residential tender

SINGAPORE: Property developer Keppel Land has been awarded a residential site tender to build up to 630 dwelling units in Sengkang. These units range between 450 square feet and 2,200 square feet in one-to-four-bedroom configurations, as well as penthouses. Keppel Land had submitted the highest bid for the Condominium housing development at about S$286.8 million. The developer said in a statement today that the development off Sengkang Square and Compassvale Road will be completed in early 2015. President of Singapore Residential at Keppel Land, Augustine Tan said he is confident that the new development will "see positive demand from genuine home purchasers." With a lease period of 99 years, the site has an area of nearly 18 thousand square metres and a maximum gross floor area of over 53 thousand square metres.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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